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Spider's Den

  • #7,401
  • Nov 21, 2011 6:21am Nov 21, 2011 6:21am
Situation in earlier European Session ...

EUR/USD





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Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-11-21_08h50-GMT_EURUSD _ min010 _ pivotchart with 4 Hours PP.png Size: 18 KB
Click to Enlarge Name: 2011-11-21_08h50-GMT_EURUSD _ min060 _ pivotchart with Daily PP.png Size: 20 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,402
  • Nov 21, 2011 6:32am Nov 21, 2011 6:32am
opens bullish on cycle.

is this the swing high?

oor the buy signal?

ill leave this one to play out.
Have I got something on my face, SOLDIER?
  • #7,403
  • Nov 21, 2011 6:32am Nov 21, 2011 6:32am
Quoting mercy seat
Longs re-loaded at 1.3435 again ...




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Adjustments at 1.3454 ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,404
  • Nov 21, 2011 6:45am Nov 21, 2011 6:45am
E:3452
S:3496
TP:3370

Intraday trade.
  • #7,405
  • Nov 21, 2011 6:53am Nov 21, 2011 6:53am
another retrace attempt ,but kumo is thick usually providing good resistance, however kumo direction is about to swap. if resistance breaks, still upside should be limited..
Attached Image (click to enlarge)
Click to Enlarge Name: 111121_eu_m5_1250.gif Size: 27 KB
  • #7,406
  • Nov 21, 2011 7:30am Nov 21, 2011 7:30am
I can wait ...

It's a Monday ...

We are trading in a megaphone pattern currently ...

2011-11-21_14h27_ EURUSD _ min005 _ (150a) candle + TL + MA





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Attached Image (click to enlarge)
Click to Enlarge Name: 2011-11-21_14h27_ EURUSD _ min005 _ (150a) candle + TL + MA.PNG Size: 31 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,407
  • Nov 21, 2011 7:48am Nov 21, 2011 7:48am
Quoting mercy seat
Adjustments at 1.3454 ...




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you found a good entry mercy!
  • #7,408
  • Nov 21, 2011 8:00am Nov 21, 2011 8:00am
Quoting mercy seat
Adjustments at 1.3454 ...




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Closed with a reversal at 1.34715 ...

Closed that reversal position as well at 1.3468 ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,409
  • Nov 21, 2011 8:04am Nov 21, 2011 8:04am
348, closing half of long positions
  • #7,410
  • Nov 21, 2011 8:05am Nov 21, 2011 8:05am
Quoting 2046
you found a good entry mercy!
Entry has been in the 1.3435 zone ...

But now I'm flat after I closed my positions ....

No action in the box ... no fun therefore ...

And now it starts to run ... ok ... Pech gehabt ...

Ich mache jetzt 'ne Pause ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,411
  • Nov 21, 2011 8:09am Nov 21, 2011 8:09am
3494 would be next level up if m5 kumo breakout holds.
That is just below 3496 which is 61.8 of 35374 and 34292)
  • #7,412
  • Nov 21, 2011 8:12am Nov 21, 2011 8:12am
Quoting Forexcube
EURUSD, H1, 2011 November 21
EURUSD, H4, 2011 November 21

I try to trade the H4-Range.

Long @ 1.3450 (2/10)

Target @ 1.3525 (DPV) and 1.3562 (MR1)

and set with the 2nd Order a Trailing Stop of 20 if 1st Order will be triggered at 1.3525 or so.

Stop Loss: below the H4 Range.

...and trade M1/M5 additively intermediate.
See #7379

Delete the Target @ 1.3525 (1st Order)

Exit @ 1.3481 (1/10) (1st Order)

Profit: +31 Pips

..and trail the Stop (2nd Order) at 1.3460

...and change the Target (second Order) from @ 1.3562 (MR1) to @ 1.3525 (DPV).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2011 November 21.jpg Size: 88 KB
  • #7,413
  • Nov 21, 2011 8:13am Nov 21, 2011 8:13am
Quoting 2046
348, closing half of long positions
And look ... you found better exit there ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,414
  • Nov 21, 2011 8:17am Nov 21, 2011 8:17am
recap of earlier chart
retrace appears to be capped for now at projected R3
immediate support from kumo and kijun sen at 34597
Attached Image (click to enlarge)
Click to Enlarge Name: 111121_eu_m5_1420.gif Size: 28 KB
  • #7,415
  • Nov 21, 2011 8:19am Nov 21, 2011 8:19am
Quoting mercy seat
And look ... you found better exit there ...



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lets see how long the remaining open position survives
  • #7,416
  • Nov 21, 2011 8:21am Nov 21, 2011 8:21am
Quoting Forexcube
See #7379

Delete the Target @ 1.3525 (1st Order)

Exit @ 1.3481 (1/10) (1st Order)

Profit: +31 Pips

..and trail the Stop (2nd Order) at 1.3460

...and change the Target (second Order) from @ 1.3562 (MR1) to @ 1.3525 (DPV).
See #7413

A birth in the hand is worth two in the bush.

 Shift of Positions:

Balance all open positions.

EURUSD, M15, 2011 November 21

Exit @ 1.3466 (2nd Order)

Profit: +16 Pips

I'm out of the market and wait for a higher entry chance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M15, 2011 November 21.jpg Size: 83 KB
  • #7,417
  • Nov 21, 2011 8:27am Nov 21, 2011 8:27am
Quoting Forexcube
Shift of Positions:

Balance all open positions.

EURUSD, M15, 2011 November 21

Exit @ 1.3466 (2nd Order)

Profit: +16 Pips

I'm out of the market and wait for a higher entry chance.
nice one - the trade on that long that didn't look like one to some
  • #7,418
  • Nov 21, 2011 8:46am Nov 21, 2011 8:46am
Quoting Forexcube
Oh yes indeed!

I don't see any higher probability where the market will go on with EURUSD at the moment. My analysis has given me signals like "maybe it's better to go out of the market and wait" or something like that. What are saying yours at M30/H1 level?

Maybe I will try to trade some M1/M5.
the overall outlook on higher tfs has not changed from yesterdays preview and remains bearish. I also stick to shorter TFs because of a lack of clear setups on higher TFs.

Only H1 has changed and turned bearish during asian session. It still shows potential for a retrace to 352 with flat kumo bottom
  • #7,419
  • Nov 21, 2011 8:53am Nov 21, 2011 8:53am
m30 (bearish from 354, green) would have provided an opportunity to short at 348 for bearish continuation. Tha train has left now.
Attached Image (click to enlarge)
Click to Enlarge Name: 111121_eu_m30_1450.gif Size: 19 KB
  • #7,420
  • Nov 21, 2011 8:59am Nov 21, 2011 8:59am
Quoting 2046
lets see how long the remaining open position survives
I did re-enter at 1.34417 ...




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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
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